Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $39.70 Average Price Target from Analysts

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been given an average rating of “Buy” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $39.70.

Separately, Robert W. Baird dropped their target price on Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 8th.

Insider Buying and Selling at Bowman Consulting Group

In related news, Director Stephen A. Riddick sold 2,288 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $28.60, for a total transaction of $65,436.80. Following the sale, the director now directly owns 20,248 shares of the company’s stock, valued at approximately $579,092.80. This represents a 10.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Alan Hickey sold 1,444 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $22.09, for a total value of $31,897.96. Following the transaction, the insider now owns 196,888 shares in the company, valued at $4,349,255.92. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,490 shares of company stock worth $233,837 in the last 90 days. 20.40% of the stock is owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

A number of institutional investors and hedge funds have recently modified their holdings of BWMN. FMR LLC lifted its holdings in shares of Bowman Consulting Group by 5.0% in the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after purchasing an additional 128,981 shares during the last quarter. Pembroke Management LTD grew its position in shares of Bowman Consulting Group by 19.8% during the second quarter. Pembroke Management LTD now owns 647,031 shares of the company’s stock worth $20,569,000 after acquiring an additional 106,926 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Bowman Consulting Group by 87.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock worth $5,958,000 after acquiring an additional 87,410 shares during the period. Polar Asset Management Partners Inc. lifted its position in Bowman Consulting Group by 16.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock valued at $11,627,000 after purchasing an additional 67,708 shares during the last quarter. Finally, Ovata Capital Management Ltd boosted its stake in Bowman Consulting Group by 189.9% during the 2nd quarter. Ovata Capital Management Ltd now owns 74,800 shares of the company’s stock valued at $2,378,000 after purchasing an additional 49,000 shares during the period. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Stock Down 1.3 %

Shares of NASDAQ:BWMN opened at $28.04 on Tuesday. Bowman Consulting Group has a 1 year low of $19.92 and a 1 year high of $42.90. The stock has a 50-day simple moving average of $24.23 and a 200-day simple moving average of $27.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $491.54 million, a P/E ratio of -35.49 and a beta of 1.26.

About Bowman Consulting Group

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.